The Democrats weaponizing the justice system just blew up in their face… again.
We need prosecutions.
A New York appeals court Thursday has threw out the massive $464 million judgment dealt to President Trump ruling the penalty excessive and a violation of his 8th Amendment rights.
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And while we are at it, why hasn’t New York Judge Arthur Engoron been sanctioned?
BREAKING: New York’s appeals court has thrown out the unprecedented, politically-motivated $465 million civil penalty that Letitia James tried to hit Trump with in 2024.
They tried to impeach him, bankrupt him, imprison him, and assassinate him. They failed. pic.twitter.com/VFZ7GqZYZx
The Appellate Division, First Department, overturned the whopping fine in the case in which Trump, 79, was found to have fraudulently inflated his net worth by billions of dollars over a decade to get better loan and insurance terms.
Trump would have had to pay a total of more than $500 million, including more than $100 million in interest, had the February 2024 ruling from Manhattan Supreme Court Justice Arthur Engoron been upheld.
The New York appeals court threw out the massive civil fraud fine against Trump. Matthew McDermott
The appeal court’s decision follows a theatrical, 11-week trial that threatened to derail Trump’s image as a real estate tycoon — and brand him as a fraudster — as he campaigned to regain the White House.
Trial evidence revealed that Trump secured cushy interest rates between 2011 and 2021 after goosing up the value of assets like his Big Apple penthouse and Mar-a-Lago estate on financial papers.Trump’s business falsely claimed that his Trump Tower triplex was 30,000 square feet — rather than its true size of 11,000 square feet — and used the phony figures to pump up the pad’s value to $327 million in 2015 after claiming it was worth $80 million just four years earlier, evidence showed.
Trump also valued Mar-a-Lago at $517 million on a financial filing despite his own tax broker admitting to listing the palatial estate’s “market value” at just $27 million in 2020, a witness revealed.
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Trump tax representative Michael Corbiciero testified that he used the lowball valuation — which is far below the estate’s value if it were sold as a private home — by calling the estate a “social club,” a distinction that scored Trump juicy tax breaks.
The deed for Mar-A-Lago bars Trump from selling the estate as anything but a social club, trial evidence shows.
Trump nonetheless told banks and insurers that the Palm Beach estate was worth $517 million, and boasted during the trial that it was actually worth up to $1.5 billion — which would make it four times more valuable than the most expensive private home listed in the country.
“The frauds found here leap off the page and shock the conscience,” Engoron wrote in his ruling.
The ruling comes after some members of the five-judge appeals panel appeared skeptical in September of the merits of the lawsuit brought by New York Attorney General Letitia James, which led to the trial.
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